Can we cash a Savings Bond using a Power of Attorney? A member is presenting us with bonds payable to her mother, who had not endorsed them. Can we negotiate the bonds since the daughter has power-of-attorney?
Can a conservator open multiple accounts?
An individual used a shared-branch kiosk located at a convenience store and accessed a member’s account without authorization. Numerous unauthorized withdrawals were made on the member’s account. Does our insurance cover that?
At its final open meeting of the year, the NCUA board of directors approved the 2013 TCCUSF oversight budget, approved two credit unions’ requests to convert to community charters and adopted two final rules.
The NCUA has issued a letter to credit unions to provide guidance in answering membersâ€™ questions related to the upcoming changes to the U.S. Savings Bond program.
It can be difficult understanding which types of loss your credit union’s fidelity bond does and does not cover. A legal and risk-management concept that can help clarify this is “pure risk” versus “uninsurable risk.”